Sanction of works contract

The powers of the several authorities of the Visakhapatnam Municipal Corporation and the Government to sanction works contract shall be as follows, namely: (i) Commissioner: Works contract for a value exceeding Rs. 20,00,000; (ii) Standing Committee: Works contract for a value exceeding Rs. 20,00,000 but not exceeding Rs. 50,00,000; (iii) Corporation: Works contract for a value exceeding Rs. 50,00,000 but not exceeding Rs. 200,00,000; (iv) Corporation and the Government: Works contract for a value exceeding Rs. 200,00,000 after approval of the Corporation shall be submitted to the Government for sanction.